Wells Fargo ON Semiconductor · ON

Wells Fargo Raises ON Semiconductor Price Target to $115

Analyst: Joe Quatrochi 1 min read Reproduced verbatim
Rating
Overweight
Target
$115
from $90 (+28%)
Outcome
Reached
on May 13, 2026
Wells Fargo and ON Semiconductor logos

What the analyst said

Wells Fargo analyst Joe Quatrochi raised the price target on ON Semiconductor (NASDAQ: ON) to $115.00 (from $90.00) while maintaining an Overweight rating.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

ON trades at $72.36. The 12 analysts who set a target in the last 3 months range from $58 to $120, with a median of $95. This $115 target is 21% above the median.

Since the note ON has moved −29% (from $102). 12-month window: day 181 of 365, closes on May 5, 2027.

Track record

This call✓ Target reached on May 13, 2026, 8 days after the note.

Firm track recordWells Fargo: 68% of its 28 targets at least a year old were reached within 12 months (#19 of 21 firms). Accuracy ranking →

Earnings reactionOne of 14 notes after ON Semiconductor’s May 4 results: 14 raised · 0 cut · 0 kept. See every call →

Wells Fargo on ON Semiconductor

Wells Fargo price targets on ON Semiconductor

8 calls from January 23, 2026 to September 17, 2026. The target went from $70 to $58 (−17%). The rating stayed Buy.

Wells Fargo targetON share price
  1. September 17, 2026Target cut from $95 (−39%)Buy$58
  2. September 3, 2026Target cut from $110 (−14%)Buy$95
  3. August 4, 2026Target cut from $130 (−15%)Buy$110
  4. July 20, 2026Target cut from $140 (−7%)Buy$130
  5. June 9, 2026Target raised from $115 (+22%)Buy$140
  6. May 5, 2026 This noteTarget raised from $72 (+60%)Buy$115
  7. February 10, 2026Target raised from $70 (+3%)Buy$72
  8. January 23, 2026Earliest call shownBuy$70
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Other analysts on ON Semiconductor

B RileyBuy Cut price target −17%, kept rating Oct 22 $105from $127 SusquehannaBuy Cut price target −20%, kept rating Oct 21 $120from $150 TD CowenHold Cut price target −21%, kept rating Oct 19 $75from $95 StoneXBuy Initiated coverage Oct 15 $110 StifelHold Raised price target +7%, kept rating Oct 5 $80from $75
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.